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FSCS - Compensation for Savings
stocktonlad1970
Posts: 4 Newbie
In light of everything thats going on with HBOS/Lloyds, I'm a little unsure of where I would stand if these banks went belly up.
I understand that £35,000 can be claimed back in the event of a bank collapsing, but is that per person, per household or per account.
I have an sole account at the Halifax with £15k in it and my wife has a sole account with £25k in it also at the Halifax, is £5k at risk.
All advice much appreciated.
I understand that £35,000 can be claimed back in the event of a bank collapsing, but is that per person, per household or per account.
I have an sole account at the Halifax with £15k in it and my wife has a sole account with £25k in it also at the Halifax, is £5k at risk.
All advice much appreciated.
0
Comments
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http://www.moneysavingexpert.com/savings/safe-savingsstocktonlad1970 wrote: »In light of everything thats going on with HBOS/Lloyds, I'm a little unsure of where I would stand if these banks went belly up.
I understand that £35,000 can be claimed back in the event of a bank collapsing, but is that per person, per household or per account.
I have an sole account at the Halifax with £15k in it and my wife has a sole account with £25k in it also at the Halifax, is £5k at risk.
All advice much appreciated.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
I'm a little unsure of where I would stand if these banks went belly up.
You would stand in your boarded up house with a shot gun and as many bottles of water and tins of beans as you can muster.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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